Northern Roofing Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Northern Roofing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10617437 . The registered office is Unit 1 44 Dolly Lane, Leeds, LS9 7TU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing balance
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	20%Straight Line
Computer Equipment	33% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Northern Roofing Limited

Notes to the Financial Statements (continued)

For the Period 1 March 2025 to 30 November 2025

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 9 (2025: 5)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 March 2025	9,850	433,123	2,549	6,557	452,079
Additions	-	106,626	4,680	250	111,556

As at 30 November 2025	9,850	539,749	7,229	6,807	563,635

Depreciation
As at 1 March 2025	4,491	101,002	411	2,054	107,958
Provided during the period	1,009	75,881	625	1,501	79,016

As at 30 November 2025	5,500	176,883	1,036	3,555	186,974

Net Book Value
As at 30 November 2025	4,350	362,866	6,193	3,252	376,661

As at 1 March 2025	5,359	332,121	2,138	4,503	344,121

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Northern Roofing Limited

Notes to the Financial Statements (continued)

For the Period 1 March 2025 to 30 November 2025

5. Debtors

	30 November 2025	28 February 2025
	£	£
Due within one year
Trade debtors	159,566	380,069
Prepayments and accrued income	28,297	13,242
Other debtors	86,201	32,000
VAT	40,594	59,594
Directors' loan accounts	166,195	193,314
Amounts owed by other participating interests	186,063	162,260

	666,916	840,479

6. Creditors: Amounts Falling Due Within One Year

	30 November 2025	28 February 2025
	£	£
Net obligations under finance lease and hire purchase contracts	58,652	-
Trade creditors	108,950	138,705
Bank loans and overdrafts	56,852	44,839
Corporation tax	67,986	177,145
Other taxes and social security	118,553	44,130
Net wages	2,079	-
Other creditors	4,462	14,094
Accruals and deferred income	2,025	2,375

	419,559	421,288

7. Creditors: Amounts Falling Due After More Than One Year

	30 November 2025	28 February 2025
	£	£
Net obligations under finance lease and hire purchase contracts	137,190	134,134
Bank loans	112,219	132,092

	249,409	266,226

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Northern Roofing Limited

Notes to the Financial Statements (continued)

For the Period 1 March 2025 to 30 November 2025

8. Obligations Under Finance Leases and Hire Purchase

	30 November 2025	28 February 2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	58,652	-
Later than one year and not later than five years	137,190	134,134

	195,842	134,134

	195,842	134,134

9. Share Capital

	30 November 2025	28 February 2025
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 March 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 30 November 2025
	£	£	£	£	£
Mr Daniel Simpson	111,046	32,137	50,876	-	92,307
Miss Kelly Ormston	82,268	-	8,380	-	73,888

The above loan is unsecured, interest free and repayable on demand

11. Related Party Transactions

Northern Roofing Supplies Limited

Under common control

As at the balance sheet date the amount owed by related party was £38 (2025: £38)

Northern Holiday Lets Limited

Under common control

As at the balance sheet date the amount owed by the related party was £87,745 (2025: £79,245)

North Scaffold Leeds Limited

Under common control

As at the balance sheet date the amount owed by the related party was £119,079 (2025: £70,892)

Northern Reactive Maintenance Ltd

Under common control

As at the balance sheet date the amount owed to the related party was £19,415 (Owed by 2025: £12,085)

Northern Mechanics Limited

Under common control

As at the balance sheet date the amount owed to the related party was £1,383.

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		30 November 2025		28 February 2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		376,661		344,121

			376,661		344,121
CURRENT ASSETS
Debtors	5	666,916		840,479
Cash at bank and in hand		87,957		125,509

		754,873		965,988
Creditors: Amounts Falling Due Within One Year	6	(419,559 )		(421,288 )

NET CURRENT ASSETS (LIABILITIES)			335,314		544,700

TOTAL ASSETS LESS CURRENT LIABILITIES			711,975		888,821

Creditors: Amounts Falling Due After More Than One Year	7		(249,409 )		(266,226 )

NET ASSETS			462,566		622,595

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			462,466		622,495

SHAREHOLDERS' FUNDS			462,566		622,595